S&P 500
S&P 500 is currently in a channel with 3543.92 as Resistance an 3226.14 as support
Multiple Bearish Sign including :
There is a Double Top on Daily and Weekly
A Failed H&S on Daily Chart
MACD is bearish on Daily Chart .
Daily 20 MA looks Bearish
Daily, Weekly 50 MA has been broken before
S&P 500 will test the W 3408 Resistance level soon.
If it breaks through, W 3338 is the next resistance level .
If it breaks through M 3226 is the next level which should holds.
Multiple Bearish Sign including :
There is a Double Top on Daily and Weekly
A Failed H&S on Daily Chart
MACD is bearish on Daily Chart .
Daily 20 MA looks Bearish
Daily, Weekly 50 MA has been broken before
S&P 500 will test the W 3408 Resistance level soon.
If it breaks through, W 3338 is the next resistance level .
If it breaks through M 3226 is the next level which should holds.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.